The GBPJPY hits the first target – Analysis – 30-3-2020
Economies.com
2020-03-30 08:01AM UTC
The GBPJPY pair formed gradual bullish rally recently, taking advantage of the fluctuation above the moving average 55, to notice reaching the first target at 134.50 and face 50% Fibonacci correction level that appears on the chart.
We expect forming some sideways fluctuation until gathering new positive momentum, noting that it is important to hold above the initial support 130.60 to wait surpassing the current obstacle and confirm the continuation of the positivity until reaching 135.30 followed by 136.95 levels.
The expected trading range for today is between 131.95 and 135.30
The expected trend for today: Bullish
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